Mevo secures further investment from Z Energy
New Zealand’s leading fuel retailer increases its investment in the free-floating car sharing company.
Mevo, Australasia’s first free-floating car share, has secured a further $300,000 (NZD) investment from New Zealand transport energy company, Z Energy (ZEL), as well as new funding from European Motor Distributors (EMD) and The Wellington Company (TWC).
Z Energy are now 12% shareholders, with both EMA (Audi NZ’s parent company) and TWC becoming 2.1% shareholders, respectively.
The latest investment will further fuel Mevo’s growth as it prepares for further expansion of its team and network. It follows a massive six months for the company, which has included a series of strategic hires, doubling its membership, rolling out at Wellington Airport, and launching the first free-floating car share service in Australasia.
“By deepening our investment in Mevo, we hope to enable more Kiwis to jump in the driver’s seat of the future. It also enables Z to explore the future of mobility and learn more about changes in the way our customers are getting from A to Z,” said Z Chief Executive, Mike Bennetts.
As the world’s first climate positive car share, Mevo is at the cutting edge of sustainable transport alternatives in New Zealand.
